CA > Palm Springs > Desert Arches
Palm Springs, CA 92262,959 E Vista Chino
Palm Springs, CA 92262,959 E Vista Chino
Palm Springs, CA 92262,959 E Vista Chino
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$1,362,500
Est. payment /mo
8 Beds
8 Baths
4,048 SqFt
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UPDATED:

10/01/2024 11:24 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,048 sqft

Price per Sqft $336

Subdivision Desert Arches

MLS Listing ID 219114911

Style Contemporary

Bedrooms 8

Full Baths 8

HOA Y/N No

Year Built 1988

Lot Size 9,583 Sqft

Property Description

Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Two neighboring (4) Four-unit Apartment Buildings being offered individually for sale, providing stable income and future value-add opportunity -- buy one or buy them both for increased ROI. Each building (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, its own washer/dryer and enclosed 1-car garage. Upstairs units have amazing mountain views! Building is 4,048 SF on a 9,583 SF lot. The community is comprised of Four Buildings (each a 4-plex) with a shared pool. Landscape and pool maintenance expenses are shared between the 4 buildings. Currently 100% occupied with great historic occupancy rates. Some rents are currently below market and the new owner would have the opportunity to increase the NOI, as rental rates have increased significantly over the last 36 months. This is a great opportunity to purchase a fully leased, income producing asset in the VERY HOT Palm Springs market. Palm Springs and the Coachella Valley are experiencing a period of massive growth - don't miss out! Reach out to Listing Agent for more information. Please do not disturb the tenants.

Location

State CA

County Riverside

Area 332 - Palm Springs Central

Interior

Heating Central, Forced Air, Natural Gas

Cooling Air Conditioning, Ceiling Fan(s), Central Air

Fireplaces Number 4

Fireplaces Type Unknown, Living Room

Fireplace true

Exterior

Exterior Feature Balcony

Garage false

Garage Spaces 4.0

Pool Community, Gunite, Heated, In Ground, Safety Fence

Utilities Available Cable Available

View Y/N true

View Mountain(s)

Private Pool Yes

Building

Lot Description Landscaped, Level, Near Public Transit

Story 2

Entry Level Two

Sewer In, Connected and Paid

Architectural Style Contemporary

Level or Stories Two

Others

Senior Community No

Acceptable Financing 1031 Exchange, Cash, Cash to New Loan, Conventional, Submit

Listing Terms 1031 Exchange, Cash, Cash to New Loan, Conventional, Submit

Special Listing Condition Standard

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Listed by Coldwell Banker Realty

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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